(CercleFinance.com) – Wall Street ended the session up slightly with investors hesitating on what to do after an inflation statistic showing contrasting conclusions.
The Dow Jones thus nibbles nearly 0.1% while the Nasdaq Composite advances by barely 0.2%.
The consumer price index decelerated last month, rising 0.5% against +0.8% in November, as higher car costs and rents were tempered by a drop in prices Energy.
These figures in line with expectations, that is to say without unpleasant surprises, had enabled the ‘futures’ of Wall Street to increase their gains in pre-market quotations.
At the same time, the dollar is widening its losses after the release of this statistic, which suggests that the Federal Reserve will remain on a path of gradual policy tightening.
The interest rate markets are giving a good welcome to the inflation figures since the yield on 10-year T-Bonds eases by 3.5 points to 1.7350%.
If the CPI can be interpreted as a sign of a moderation in inflationary pressures, consumer prices expressed at an annual rate rose by 7% in December, which constitutes a record of 1982.
‘Tensions linked to inflation continue to show a generalized nature’, worry about their side the economists of Commerzbank.
‘The first Federal Reserve rate hike is fast approaching’, underlines the German bank.
On the stock side, Tesla climbed 3.9% in the wake of a favorable rating from New Street Research analysts, who made the electric vehicle maker one of their favorite stocks for 2022.
The American investment bank Morgan Stanley has announced that it will strengthen its presence in France with the opening of a global applied research center in Paris.
Boeing has announced that it intends to strengthen its ties with German industrial companies after Berlin expressed interest in its fighter jets. The group says it has launched a call for tenders with a dozen German companies for the development, manufacture and maintenance of the F/A-18 Super Hornet and EA-18G Growler aircraft that the German army would consider to acquire.
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